Group Technology & Operations – Commodities Specialist TMG Asia – Metal – AVP
About Deutsche Bank
A Passion to Perform. It’s what drives us. More than a claim, this describes the way we do business. We’re committed to being the best financial services provider in the world, balancing passion with precision to deliver superior solutions for our clients. This is made possible by our people: agile minds, able to see beyond the obvious and act effectively in an ever-changing global business landscape. As you’ll discover, our culture supports this. Diverse, international and shaped by a variety of different perspectives, we’re driven by a shared sense of purpose. At every level agile thinking is nurtured. And at every level agile minds are rewarded with competitive pay, support and opportunities to excel.
About Group Technology and Operations
The strength of technology and operations is present in everything we achieve. Delivering tailored information technology and seamless transaction solutions is essential to Deutsche Bank’s global resilience. Pioneering technologies and reengineering processes, we combine exceptional levels of innovation with world-class client service. Our division designs and develops the systems, software and solutions that make millisecond transaction times cost-effective and reliable. Every second, we face the technological and logistical challenges implicit in growth, market change and constant competition. Active in over 50 countries and employing around a fifth of our total staff, Group Technology Operations enfolds three crucial business areas. Technology is responsible for the development, implementation and maintenance of leading-edge software applications. They create the core systems that process trades, assess risk and deliver data. Operations encompasses the people and processes that back up global deal-making.
Every day, they make sure that billions of trades are settled, risk is minimized and clients are satisfied. Infrastructure provides global data centers, networks and services that are reliable, cost effective and scalable across all divisions. GTO is a known catalyst for change within our global Bank. We pride ourselves in our creativity, courage, adaptability and strategic vision. Maybe that’s why our unique processes have been recognized by a number of industry awards. Our primary task is to make the Bank efficient and responsive today, while building the foundation to meet the demands of tomorrow.
Overview:
Commodities Global Business Services are responsible for the processing of physical and derivative products for the commodities business. Commodities GBS have a presence in London, Frankfurt, New York, Singapore, Bangalore and Mumbai.
The Commodities GBS Dry Bulk Freight TMG team covers Coal, Freight Iron Ore.
The team is a hybrid of elements of the traditional product control role, trade support and logistics support.
We support the commodities front office teams as they continue to build out the Asia focused business – providing risk management and physical coal iron ore trading supply capabilities to customers throughout this dynamic market.
Key responsibilities:
- Ensuring the complete timely fulfillment of all DB’s contractual requirements in the coal and iron ore businesses, including all aspects of shipping, storage and transit
- Ensuring integrity and control of PnL and Risk.
- The role requires active engagement and appreciation of all stakeholder groups downstream (IT, GBS OPS, GBS FinCon, CMV, Credit). Participation in GBS control calls, and working across groups to ensure controls are in place and remediation of issues as appropriate
- Controlling and building out the performance of our onshore, nearshore and offshore TMG locations
- Working with the Dry Bulk Freight trading desk and key stakeholders on new business initiatives to ensure front to back control under GBS.
- Flash P L
- Ensuring logistics and risk mgmt platform integrity
- Port / Shipping correspondence support to FO
- Vessel Nominations
- Demurrage calculation/accruals
- Checklist for shipments to ensure all areas completed
- Shipment Admin
- Use of all front end risk management trading systems (RMS), as well as Reuters, Bloomberg.
- Liason with Trading, Sales, GBS Operations, GBS Financial Control Finance Manager/Finance Director Level.
- Close cooperation and communication with staff in other trading hubs, banks, clients, also delivery and storage companies.
Candidate requirements:
- Graduate with a 2.1 or better in scientific, numerate or business related subject.
- Advanced MS office skills
- Openlink
- Solarc – Right Angle
- Finance background - There is significant focus on control so front to back trade lifecycle knowledge is an advantage, from trade entry through to general ledger.
- Commodities knowledge of shipping, logistics, scheduling and fry bulk freight practices.
- Strong analytical skills. Ability to assimilate information quickly and investigate issues promptly through to resolution.
- Experience of driving change forward and liaison and co-ordination of various functions
- Proactive own initiative and ability to assert oneself
- Understanding of core trade types – swaps, options, futures, deposits and also physical deliveries.
- Attention to detail is essential
- Ability to focus and prioritise in a high pressure environment
- Excellent verbal and written English language skills
- Sustained exposure to liaising internally with IT teams and business users in the context of programme deliverables
- A professional candidate who is self-motivated, enthusiastic and works with minimum supervision
- Excellent communicator, articulate and well presented. Must be able to communicate effectively at all levels of management and to a wide global user base
- Extreme attention to accuracy, detail, presentation and timeliness of delivery.
- Proven team player who “goes the extra mile” in striving to provide quality service.
- A lateral thinker who can explore concepts “outside the box” in search of improvements and solutions
- Two to three years strong iron ore logistics experience, physical coal and other bulk goods would also be desirable.
- Detailed exposure to letters of credit and associated shipping documentation for a physical transport business is vital to the role.
- Strong understanding of a trading business and the functions performed by trade support.
- Prior knowledge of banking controls beneficial.
Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job
regardless of marital status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, color, sexual orientation or disability.
See more at db.com/careers